Dolomite to Airdrop 20% of DOLO Token Supply on April 24

Dolomite, a lending protocol within the Arbitrum ecosystem, has revealed the specifics of its upcoming token generation event (TGE) for its native token, DOLO. The TGE is set to occur on April 24, with a notable portion of the token supply being allocated through an airdrop. Specifically, 20% of the total DOLO token supply will be distributed to eligible users as part of this airdrop. The snapshot for determining eligibility was taken on January 6, 2025, ensuring that users who were active on the platform at that time will be included in the distribution.

Of the 20% allocated for the airdrop, 9% will be distributed to platform users, 1% will be allocated to community contribution rewards, including security researchers and integration developers, and the remaining 10% will go to users earning "Minerals" through Dolomite's Minerals program. These users qualify by providing key lending assets such as USDC, ETH, and WBTC. Additionally, 3% of the tokens will be allocated to Boyco deposit users, further incentivizing participation within the Dolomite ecosystem.

This move by Dolomite is aimed at rewarding its community and fostering greater engagement within its lending protocol. The airdrop represents a strategic effort to distribute tokens widely, potentially enhancing liquidity and user adoption. By allocating a substantial portion of its token supply through an airdrop, Dolomite is positioning itself to attract more users and developers to its platform, thereby strengthening its presence in the decentralized finance (DeFi) landscape.

The total token supply of DOLO is 1 billion, with a circulating supply at TGE of approximately 361 million (including locked veDOLO). This allocation strategy underscores Dolomite's commitment to building a robust and engaged community, which is crucial for the long-term success of any DeFi protocol.